From Khaleejtimes.com: Highest levels of corporate governance and transparency will remain the key to Dubai’s ongoing growth and future prosperity, Mohammed Ibrahim Al Shaibani, Board member and Chief Executive Officer of the Investment Corporation of Dubai (ICD), the investment arm of Dubai government, said on Monday… Full article: Source

From Reuters.com: China’s CNPC and Sinopec Group have put in a rare joint bid of between $1.5 billion and $2.5 billion for Petro-Tech Peruana, a private firm with oil and gas assets in Peru, a Beijing-based industry official said on Tuesday.

…Increasingly, there is more coordination among Beijing’s oil trio – CNPC, Sinopec and offshore specialist CNOOC Ltd – to avoid clashes in competing for the same targets… Full article: Source

From Reuters.com: Former IMF chief economist Kenneth Rogoff said at a conference in Singapore that, “There was this view early on in the crisis that sovereign wealth funds could save everybody. Investment banks did something stupid, they lost money in the sub-prime, they’re great buys, sovereign wealth funds come in and make a lot of money by buying them. That view neglects the point that the financial system has become very bloated in size and needed to shrink.”… Full article: Source

From Chinastakes.com: China has begun to employ its huge foreign exchange reserves for broad-based long-term development, not just as hedge against possible future balance of payments problems… Full article: Source

From Telegraph.co.uk: Germany’s cabinet is expected to approve a far-reaching new law this week to stop ‘giant locust funds’ from Russia, China and the Middle East from launching takeover raids on the country’s prized industries.

The article adds that, “Stephen Jen, currency chief at Morgan Stanley, said Britain’s open-door policy means that the City would be the chief beneficiary of the German plan. ‘The funds can use operations listed in London,’ he said.”… Full article: Source